COPT Defense Properties (NYSE:CDP) Plans $0.31 Quarterly Dividend

COPT Defense Properties (NYSE:CDP) announced a quarterly dividend on Thursday, November 13th. Investors of record on Wednesday, December 31st will be given a dividend of 0.305 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Wednesday, December 31st.

COPT Defense Properties has raised its dividend by an average of 0.0%per year over the last three years.

COPT Defense Properties Trading Down 0.3%

Shares of COPT Defense Properties stock traded down $0.10 during mid-day trading on Friday, hitting $28.73. 66,449 shares of the stock were exchanged, compared to its average volume of 923,744. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 22.45 and a beta of 0.93. COPT Defense Properties has a twelve month low of $23.92 and a twelve month high of $33.49. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.58. The company has a 50-day simple moving average of $29.01 and a 200 day simple moving average of $28.25.

COPT Defense Properties (NYSE:CDP) last released its earnings results on Thursday, October 30th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. The firm had revenue of $188.80 million during the quarter, compared to analyst estimates of $187.63 million. COPT Defense Properties had a return on equity of 9.38% and a net margin of 19.23%.The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 earnings per share. COPT Defense Properties has set its FY 2025 guidance at 2.690-2.710 EPS. Q4 2025 guidance at 0.670-0.690 EPS. Research analysts forecast that COPT Defense Properties will post 2.67 EPS for the current year.

Insider Transactions at COPT Defense Properties

In other COPT Defense Properties news, Director Lisa G. Trimberger sold 3,000 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $30.52, for a total transaction of $91,560.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.42% of the company’s stock.

Institutional Investors Weigh In On COPT Defense Properties

A number of large investors have recently made changes to their positions in CDP. GRS Advisors LLC purchased a new stake in shares of COPT Defense Properties in the 3rd quarter valued at approximately $28,399,000. Squarepoint Ops LLC lifted its holdings in shares of COPT Defense Properties by 25.1% in the third quarter. Squarepoint Ops LLC now owns 45,073 shares of the company’s stock valued at $1,310,000 after purchasing an additional 9,030 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of COPT Defense Properties in the third quarter worth $10,665,000. Pathstone Holdings LLC boosted its position in shares of COPT Defense Properties by 6.0% in the third quarter. Pathstone Holdings LLC now owns 69,856 shares of the company’s stock worth $2,031,000 after buying an additional 3,975 shares during the period. Finally, Boston Partners purchased a new position in shares of COPT Defense Properties during the third quarter valued at $1,553,000.

About COPT Defense Properties

COPT Defense Properties is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded on January 22,1988 and is headquartered in Columbia, MD.